Lawmakers Move to Replenish Highway Trust Fund-- Update

TODAY: July 11, 2014 PUB DATE: July 11, 2014

By Siobhan Hughes WASHINGTON--House and Senate lawmakers Thursday advanced measures to replenish the federal fund that finances road, bridge and mass-transit projects before it runs out of money next month. The HouseWays and Means Committee, in a voice vote, approved ...

French Current Account Deficit Widens

TODAY: July 11, 2014 PUB DATE: July 11, 2014

By Stacy Meichtry PARIS--France's current account deficit was wider in May than in April as the goods deficit rose and the services surplus shrank, data from the Bank of France showed Friday. The euro zone's second largest economy recorded a ...

BOE Considers Stricter Leverage Limits For UK Banks

TODAY: July 11, 2014 PUB DATE: July 11, 2014

LONDON--Britain's biggest banks could be subject to stricter leverage limits under proposals put forward Friday by the Bank of England. The BOE said in a consultation paper on leverage that its Financial Policy Committee, which spots risks to the financial ...

Central Bank Says Australian Dollar Overvalued - Report

TODAY: July 11, 2014 PUB DATE: July 11, 2014

By Jason Douglas Investors may be underestimating the risk of a "material decline" in the Australian dollar, the governor of Australia's central bank was quoted as saying Friday. "It continues to be my view that on most standard metrics that ...

Iraq's Kurdish Fighters Seize Oil Fields

TODAY: July 11, 2014 PUB DATE: July 11, 2014

LONDON--Iraq's Oil Ministry said Friday Kurdish Peshmerga forces had seized control of production facilities at two key oil fields near the northern city of Kirkuk, in a move that could further worsen already frayed relations between the Kurdistan Regional Government ...

Australian Mortgage Lending Unchanged in May

TODAY: July 11, 2014 PUB DATE: July 11, 2014

By David Rogers SYDNEY--The number of Australian home-loan approvals was unchanged in May from April, the statistics bureau said Friday. Housing finance approvals were mixed across Australia's various states. Economists surveyed ahead of the announcement had expected a fall of ...

Australia Mortgage Data Ease Fears of Reversal in Property Market

TODAY: July 11, 2014 PUB DATE: July 11, 2014

By David Rogers SYDNEY--The latest Australian mortgage data are easing fears of a sharp downturn in the property market that could derail the central bank's attempts to stoke the economy to previous growth levels. Government statistics published Friday showed the ...

Mexican Industrial Output Rose in May, Thanks to Manufacturing

TODAY: July 11, 2014 PUB DATE: July 11, 2014

By Anthony Harrup MEXICO CITY--Mexican industrial production rose in May for a fifth consecutive month, led by gains in manufacturing that continued to be the main driver of economic growth in the second quarter. Industrial output rose 0.11% from April ...

Germany's Upper House Passes Energy Law

TODAY: July 11, 2014 PUB DATE: July 11, 2014

BERLIN--Germany's upper house of parliament Friday passed an ambitious renewable energy law which aims to mitigate the effects of the country's move away from nuclear and fossil-fuel generated power. The upper house, which represents Germany's 16 states and which could ...

DATA SNAP: Canada Sheds 9,400 Jobs, Unemployment Rate Rises to 7.1%

TODAY: July 11, 2014 PUB DATE: July 11, 2014

June Employment Report =-----------------------------------------=--=--=--=--=--== June May ! Consensus: ! Net Jobs -9,400 +25,800 ! +20,000 jobs ! Unemployment Rate 7.1% 7.0% !Jobless Rate ! ! 7.0% ! - Full-Time Jobs +33,500 -29,100 !Actual:-9,400 ! - Part-Time Jobs -43,000 +54,900 !Jobless ...

Spain Confirms Inflation Flat In June, Deflation Still A Risk

TODAY: July 11, 2014 PUB DATE: July 11, 2014

MADRID--Spain's statistics institute INE said Friday that the country's inflation rate flat-lined in June. The reading is in line with a flash estimate released late last week. The country's European Union-harmonized consumer price index was unchanged in June, INE said, ...

Brazil Fipe: Sao Paulo CPI Increases 0.10% for 4 Weeks Ended July 7

TODAY: July 11, 2014 PUB DATE: July 11, 2014

By Rogerio Jelmayer SAO PAULO--The consumer price index for Sao Paulo, Brazil's biggest city, picked up slightly in the four weeks ended July 7, above economists' expectations, mainly due to the increase in transportation costs. The CPI rose 0.10% in ...

Global Oil Prices Fall -- Update

TODAY: July 11, 2014 PUB DATE: July 11, 2014

By Ben Winkley and Daniel Huang Global oil prices fell Friday, although losses were limited by data from a top energy watchdog that pointed to rising future demand for crude. Brent crude for August delivery, the global benchmark, recently traded ...

Analysts, Industry Groups Voice Skepticism With Brazil's Stimulus Measures

TODAY: July 11, 2014 PUB DATE: July 11, 2014

By Paulo Trevisani BRASILIA--A package of economic measures announced Wednesday by Brazil's government is being met with skepticism by analysts and industry groups. The package includes incentives for investors to buy corporate bonds and stocks issued to finance infrastructure projects, ...

Yen Steady As Traders See European Bank Problem as Temporary

TODAY: July 11, 2014 PUB DATE: July 11, 2014

By Tatsuo Ito The yen was steady against the euro and the dollar in Asia trading Friday, as traders doubted that the yen's rally overnight prompted by concerns about a Portuguese bank would continue. On Thursday, markets were jolted by ...

Oil Gives up Some Overnight Gains in Asian Trade

TODAY: July 11, 2014 PUB DATE: July 11, 2014

By Eric Yep Crude-oil futures were slightly lower in Asian trading hours Friday after snapping a losing streak in overnight trade, as gains remain capped due to higher Libyan crude output. On the New York Mercantile Exchange, light, sweet crude ...

BOE Considers Stricter Leverage Limits For UK's Biggest Banks

TODAY: July 11, 2014 PUB DATE: July 11, 2014

By Jason Douglas and Max Colchester LONDON--Britain's biggest banks could be subject to stricter leverage limits under proposals put forward Friday by the Bank of England. The BOE said in a consultation paper on leverage that its Financial Policy Committee, ...

CURRENCIES: Loonie Drops On Weak Canada Jobs Data

TODAY: July 11, 2014 PUB DATE: July 11, 2014

By Joseph Adinolfi, MarketWatch NEW YORK (MarketWatch) -- The loonie came under pressure following a weaker-than-expected Canadian jobs report. In June Canada lost 9,000 jobs, falling far short of the expected 20,000 increase. The country's unemployment rate rose to 7.1% ...